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Note 2: Investments: Schedule of aging of mortgage loans (Tables)
12 Months Ended
Dec. 31, 2013
Tables/Schedules  
Schedule of aging of mortgage loans

 

Age Analysis of Past Due Mortgage Loans

 Years Ended December 31, 2013 and 2012

 

 

 

 

 

 

 

 

 

 

 

 30-59 Days Past Due

 60-89 Days Past Due

  Greater Than 90 Days 1)

  In Foreclosure 1)

  Total Past Due

  Current

  Total Mortgage Loans

  Allowance for Loan Losses

  Net Mortgage Loans

2013

 

 

 

 

 

 

 

 

 

 Commercial

 $                        -

 $                       -

 $                       -

 $       4,973,745

 $       4,973,745

 $     36,679,264

 $           41,653,009

 $           (187,129)

 $        41,465,880

 Residential

           1,646,953

          1,604,847

          5,867,501

             1,518,327

         10,637,628

         39,230,858

              49,868,486

          (1,364,847)

           48,503,639

 Residential   Construction

                            -

                           -

               64,895

                             -

                 64,895

          12,847,578

                12,912,473

                (100,114)

             12,812,359

 

 

 

 

 

 

 

 

 

 

Total

 $       1,646,953

 $      1,604,847

 $     5,932,396

 $       6,492,072

 $     15,676,268

 $     88,757,700

 $        104,433,968

 $      (1,652,090)

 $       102,781,878

 

 

 

 

 

 

 

 

 

 

2012

 

 

 

 

 

 

 

 

 

 Commercial

 $          581,984

 $                       -

 $          143,252

 $                         -

 $          725,236

 $     34,230,795

 $           34,956,031

 $                         -

 $        34,956,031

 Residential

          2,963,259

          1,345,247

         5,208,742

            4,692,517

         14,209,765

          36,375,158

              50,584,923

          (4,193,674)

            46,391,249

 Residential   Construction

                            -

                           -

             288,468

             1,346,126

            1,634,594

              1,526,518

                    3,161,112

                (46,187)

                3,114,925

 

 

 

 

 

 

 

 

 

 

 Total

 $      3,545,243

 $      1,345,247

 $     5,640,462

 $       6,038,643

 $     16,569,595

 $       72,132,471

 $          88,702,066

 $      (4,239,861)

 $       84,462,205

 

 

 

 

 

 

 

 

 

 

1)  There was not any interest income recognized on loans past due greater than 90 days or in foreclosure.